Egypt: Telemedicine platform raises six-figure seed funding
Docspert Health, a telemedicine startup with offices in the UK and Egypt, closed a six-figure (USD) investment in seed funding from Flat6Labs and a group of angel investors in the UK and USA. Docspert Health plans to use the investment to expand its services all across Egypt, and then the Arabian Gulf.
Launched in February 2020 by a team of medical doctors, Docspert Health is the first telemedicine platform that connects patients in the Middle East and Africa with leading international medical experts – online and through video conferencing – and so removing the need, cost and effort of travel.
The health-tech startup provides services in over 40 medical specialities through a network of more than 100 hand-picked leading international medical experts in the UK, USA and Europe.
Prof. Hisham Mehanna, chairman of Docspert Health and a world-renowned head and neck cancer surgeon said, “We are extremely pleased to have closed this deal with a group of angel investors from Silicon Valley and London. The investors were particularly attracted not only to our innovative platform and business model, but also to our ethos of social responsibility. They were keen to help Docspert Health in its journey to provide the best medical advice to the people of the Middle East and Africa.”
Muhammed Chaudhry, managing partner at MAC Capital Partners, California, commenting on the occasion said, “As investors, we were attracted to Docspert Health, not only for its great business model and the supreme quality of its service, but also for the social good and impact that it does.”
Albert Malaty, managing director of Flat6Labs Cairo, said, “Docspert’s innovative global health tech platform, alongside their strong founding team, adds up to a recipe for success. Flat6Labs Cairo is looking forward to being part of their growth journey.”
Using Docspert’s innovative platform, patients are able to book video conference appointments with a specialist, a medical opinion, or a multi-disciplinary opinion for complex cases, eg cancer, from a panel of up to four experts from complementary disciplines who convene to discuss the case and give a joint opinion. Patients are also assisted throughout their journey by a dedicated Arabic speaking case manager.
Docspert Health’s main mission is to make international expert medical opinions accessible to everyone in the Middle East and Africa, and hence it has dedicated 5% of its profits to provide free consultations for patients who cannot afford the service. “The founders are all clinicians, and so helping people is in Docspert Health’s DNA,” said Prof. Mehanna.
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